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mortgage lenders
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- 1Kenya mortgage loans rise to Ksh307 billion●CBK: Mortgage loans hit Ksh307B as average borrowing rises to Ksh10M
The Central Bank of Kenya reports that mortgage loans have reached Ksh307 billion, with the average mortgage rising to about Ksh10 million. The figures point to continued growth in Kenya's housing finance market, but also highlight affordability pressures as borrowing sizes climb, a topic drawing attention from homebuyers, lenders and property analysts.
- 2Wall Street Zen Downgrades Apollo Commercial Real Estate Finance to Sell●Wall Street Zen Downgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Sell
Wall Street Zen has downgraded Apollo Commercial Real Estate Finance, the commercial mortgage real estate investment trust traded on the NYSE under the ticker ARI, to a sell rating. The move flags a more cautious outlook on the company's commercial real estate lending exposure. Details on the specific reasons behind the downgrade have not been made widely available.